Democratic Northwest. [volume] (Napoleon, Ohio) 1869-1894, 1887-06-30
JOHN sHERMAN's LYING
About the Derunct Fidelity Bank
fEnquirer.l


a- tEnquirer.l
A great deal of unfavorable comment
was heard in the city yesterday oveI
the remarks of Senator Sherman on the
Fidelity failure, as telegraphed to the
New York Tribune from Canton, o.
Sen. Sherman, if quoted correctly,
said: "The bank was originally de-
signed to be Democratic institution,
which was to be vastly benefited by
its selection as United States deposi-
tory. Arrangements had beer made
through Democratic politicians to Sc.
cure large Government deposits. and
the friendship of Manning and Jordan
for the bank was well known"
The Senator also considered the
recent business troubles here as fore
runners of financial disaster for which
the inefficiency of the present Admin
istration is possible.
When prominent Republican read
this in Cincinnati paper in which ii
was reproduced yesterday he said:
"Sherman must be in his dotage or
has lost all his political sense. We Re-
publicans are the very last people on
earth to lug politics into this failure,
as the bank was organized by Republi-
cans and its officers under arrest are all
Republicans. There is politics in it in
no way, as the failure was caused d.
rectly by taking the funds of the bank
and dumping them in the wheat deal.
Sherman will not strengthen himself
in Ohio by such statements as these.n
Democrats all over town are fired
with indignation, nd could not make
the language gibe with Mr.. Sherman's
usual precise and conservative language.
They hope that he has been misquoted.
The truth about the matter is that If
political capital is to be made out Of the
failure it will all count as Democratic
campaign thunder, but the Democrats
have heretofore refrained from saying q
word that would carry politics into the
matter.
The bank was projected in the first
place by Julius Dexter, Republican
1t was not o success, and a new COM
pany was organized in the interest Of
E. L.. Harper.
Harper is the man who, when Cleve.
land was running for President
threatened to discharge from his roll
| ing mill working men who voted fol
him, and openly announced that Demo.
cratic success meant that he would
have to close up his numerous iron
works and foundries and go out ofbusi'
ness.
Republican campaign orators, Sena'
tor John Sherman among the number
made this point on the stump, and
quoted Mr.. Harper as the great Cincin-
natl manufacturer who would be ruin.
ed should the Democratic party come
into power. He is ruined, and the
Democrats are in power, but he is ruin.
ed not through the Administration
but through stealing the peoples
money and playing it against Chicago
wheat.
Harper was an uneomprOmising Re
publican; Hopkins Republican; Bald
win is an easy-going Republican, anC
Briggs Swift, the president, is con
sistent Republican.
| 1t is true that the bank was Govern
ment depository, but great many Re.
publican banks are. That does not Gu
q figure in politics, as nearly all bankers
are Republicans, anyhow.
The United States deposits were no
secured through Democratic politicians
here, because they have no influence a
Washington, and could not secure sucl
a thing were they SO disposed.
The only Democrat who figured il
the bank in any way was Mr.. Sol P
IKineon, who was once director, ant
had sense enough to get out when h
saw he was among the Philistines. l
| Mr.ySherman makes few more asser
tions of this kind, the Ohio Delegation
will surely be solid for Blaine, on tn,
ground that J. S. is non compus men
tis.